Midwest

With all governmental approvals and ratings in hand, Detroit expects to be in the market soon with its first post-Chapter 9 general obligation state distributive aid backed borrowing.

A court ruling Thursday offered a mixed outcome for Chicago’s effort to phase out most retiree healthcare subsidies.

Chicago plans to sell up to $3.5 billion of O’Hare International Airport debt later this year to generate refunding savings and fund a new runway and gate expansion.

Columbus enters the market Thursday with $481 million of high-grade paper to fund capital projects as it prepares to go to voters this November for new bonding authority to keep pace with capital needs.

A Michigan board has authorized key pieces of the $617 million restructuring of the Detroit Public Schools amid lingering market questions over the fate of the district's bonds.

Katten Muchin Rosenman LLP is hosting a reception Thursday to honor the memory of bond lawyer and public finance banker George Pitt who died in March.

Chicago-based Presence Health Network will issue nearly $1 billion of bonds next week in a sale designed to overhaul its debt portfolio and provide some breathing room to help stabilize its balance sheet.

Pittsburgh-based PNC Capital Markets has hired veteran Ohio-based banker Mark Fisher to lead its efforts there as it eyes further expansion and amplifies it pitch on bank products available to municipal clients.

Junk-rated Chicago Public Schools is using risky assumptions in its efforts to erase a $1 billion deficit, S&P Global Ratings said as it extended its CreditWatch on the district.

Detroit announced plans to pay for higher contributions to its public safety pension fund by hiring fewer firefighters.